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Search Results 0 to 11 of about 12 (some duplicates have been removed)
reagan on california and isaacs on warren buffett. here we go. "varney & company" is about to begin. looking for a better place to put your cash? here's one you may not he thght of -- fidelity. now you don't have to go a bank get the things you want from a bank, like no-fee atms all over the world. free checkwriting and mobile deposits. now depositing a check is easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account day and discover another reason >> wednesday, november 28th a bombshell report from forbes this morning, 11 states are in a death spiral. don't buy a house and don't invest in their municipal bonds. california, new york, illinois, of course they're on the list and smaller states like mississippi and new mexico also on that death spiral list. and the problem with the states accord to go william baldwin, he wrote the story, more takers than makers and all have more people depending on the government than working in the private sector and like california, for
entitlement reform. >> that's a whole nother conversation. on the issue of taxes warren buffett has written an op-ed in "the new york times" today renewing his stire to see taxes go up on people like him and him himself. in the op-ed he says people who make between a million and $10 million should see their taxable rate go up to 30% and those who make more than $10 million should be taxed at 35%. we'll be back after the break. see you on the other side. as i looked out across the battlefield at antietam. i saw the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >> he looked so fine i started to call him babe-raham lincoln. >> i was like, mary, please. >> you look like a baby, a literal child. i bought a pair online, shipped to 115 main st., that's my gettysburg address. i'm funny. i find them to be affordable frames, of the people, for the people, and, not, by the people, that's par
, something warren buffett pointed out. you don't need to change your philosophy just because we cliffed you. long term it might not matter. not all of you share his sangwin multi-year view of stocks. he can afford to take the long view. if we take the plunge over the cliff, it can cost everyone $2 million, makes everyone pay more in taxes. i don't really want to have this gear. the president said today he thought a deal could be done by christmas. the speaker of the house said he's optimistic a compromise could be reached. i wear this pin every night in in part because i genuinely believe it is not a lost cause. tonight business leaders in washington are urging a deal. people who are not really known as pals of the president. the president also bringing his pressure to bear on small regular people, regular folks. i'm old enough to remember when it meant my parents. he's turned to twitter to talk about the evil kwonss of cliff jumping. let me tell you, why all this talk may end up being nothing but big hat and no cattle. what we're seeing now is something which was supposed to be totally dra
estimates. warren buffett said 15.5% yesterday is coming in as revenue. i have heard lower figures. that is the reality of what has happened. we have seen a decline in tax revenue and an increase in spending for a variety of reasons. if we are serious about deficit reduction, we have got to move back the golden 19.6%. abouttalk for a minute what has happened. the chairman of the appropriation committee. let's take a look at where the art today compared to where we were in fiscal year 2001 when the federal government ran a $128 billion surplus. compared to the 2001 figure, we are spending less on non- security concessionary spending than we were. the growth in spending has not been in the non-defense discretionary. the cost of security programs in that same time period has gone up 60%. the cost of mandatory programs is up 30%. i want to call your attention to one aspect progressives need to remind people. of the $1.50 trillion already in spending cuts, $900 billion comes from spending. we have given far more than when it comes to defense side. let's talk about those for a minute. th
and it says "four reasons why warren buffett" the ally of the white house on this "is wrong on tax hikes." >> but the interesting something that now any time anyone types up on twitter "my2k" which was a white house-created hashtag, you get the heritage foundation. >> among others. >> brown: among others. >> you would think that -- at the top. you would think that the obama administration would have bought their own tweet. >> brown: howie, what is the administration asking its supporters to do through this tash tag? i mean, is it just to get the word out or is there something more explicit? >> well, it's all about mobilizing public opinion which is easier to do when n a campaign when off clear choice-- barack obama or mitt romney. with the romney campaign having evaporated the democrats have an advantage on this. so obama for america, the digital group that was created to help get president obama elected to a second term has sent out an e-mail with graphics to its supporters on millions of people oner, the mail list urging them to get involved on the president's proposals and to share so
on the op-ed pages. this one by warren buffett. whether he would give more of his tax dollars if given the opportunity. he says let's forget about the rich and alternate going on strike and stuffing their money under the mattress. we will look at some other opinions. a republican from tennessee, bob corker, a member of the senate banking committee. he writes in the washington post -- fred in lancaster, south carolina, good morning. caller: good morning. the one caller named interior was pretty close to being right. -- named jerry. it wants to cut taxes, how about we bring some of the foreign aid home to pay down some deficits? how about that? we are talking about obamacare. why not put a cap on a $100 aspirin at a hospital and instead say it's $10? i think that's more than enough. host: senator mike lee as a commentary in the washington times -- that is from the "washington times. mike lee is also a member of the joint economic committee. tony is our next caller in las vegas, nevada. caller: hi. on the fiscal cliff, this has been the unspoken agenda of the democratic party for a long t
cannot caved in it. they want a mandate for increased taxes. yesterday, the billionaire investor warren buffett writing in the new york times says he thinks the country would do just fine if we do -- if we go over the fiscal cliff. on our line for independents, should we go of the fiscal cliff? caller: yes, i think we should. although people who want a budget reduction, it would save the country 4 trillion dollars. i was amazed at how fast the democrats adopted mitt romney's -- for these home deductions. these people want to go around saying obama, obama wally is cutting your social security and medicare in your home deductions are really happy. we are not in this for nothing. nobody cares about us because we want to be so proud of president obama. and let him defund social security. the democrats have no intention of ending the debt ceiling now, because they want to give away more democratic priorities. we hostages. when the republicans have not given anything yet, that is what you get here you get your priorities cut. because you did not say a word. so sit back in your house and yelle
, warren buffett said 16.5% and it is coming in as revenue and i have heard lower. spending, it is somewhere on the range of 22%-24%. to me, that is the reality of what is happening. a decline in revenue and an increase in spending for a variety of reasons we could go through. if we're serious about deficit reduction, we often -- we have to move back. the closer we can get to an 18% level as we bring down spending, the more likely we are to have a stable economy in the years ahead. let's talk about what has happened since the time when we did have our budget in balance. the chairman of the appropriations committee of dates the figures from time to time, but let's take a look at where we are today compared to where we were in fiscal year 2001 when the government actually ran a $128 billion surplus. compared to this figure, we are spending less on non-security discretionary spending than we were then. in other words, the growth in spending has not been in the non-defense discretionary accounts. second, the cost of security programs in that same time income since we were last i
, and there are proposals, as warren buffett has, where people who make $1 million should pay 30%. host: the average tax percentage is about 10%. if you look it this chart here -- host: eric, rome, georgia. caller: i have an article here that says why congress will not tax the 1%. it tells you about the congressman. 261 are millionaires or billionaires'. the top republican, darrell issa, is worth $441 million. dick armey handed bush a budget for 10 years, and it squandered the surplus. what the article states is they will not raise taxes on the 1%. it is because they are the 1%. host: use of the number in that article is -- you said the number in that article is 261. caller: are millionaires or billionaires'. guest: the caller makes a good point, that the wealth of people in congress has diverged from the average wealth of americans, and a colleague of mine wrote an article looking at this trend, as over the last three years the average net worth of members of commerce has grown extremely well. -- congress has grown extremely well. i do not know if they are motivated by their own income. i think it is m
the economy because of global warming and who was our friend, not warren buffett but the other guy. soros came by and had a great conversation. ralph nader has been by. >> jack abramoff. >> yeah, years ago. >> what did you learn from his fall from grace? >> he did me a favor of not actually involving me in his problems which was good. but i think he spent too much time trying to make money and not enough time trying to change the world. >> are you still friends with him? >> i haven't talked to him in a long time but i have never said anything is notty about him, i don't disease like him. >> as we go, you have an unusual hobby. tell us about that. you collect something unusual. >> oh, i have a collection of whackers, things you hit people with, mostly from africa. i also have -- i also have a collection of air sickness bags from most of the world. if anybody here travels. and the one thing i do ask people who come to meetings, if you're traveling and you're on one of these really -- i have an air sickness bag which is the prepresent government afghanistan air sickness bag. it's a great collecti
Search Results 0 to 11 of about 12 (some duplicates have been removed)